Keep looking @ 0.98200-0.98000 for buy limit
What you can see here is a nice sell opportunity. The best is to sell when price hits the line and is bearish engulfed. Best of trading!
Potential move to the upside to previous pullback highs, we are in great area to look for pullbacks.
On a 1H chart we have a bullish pattern (hour must be closed as is) Currently At daily pivot Due to all the mentioned above and a current price position (intraday - independant view) I will look for Bullish PA patterns to begin with at 1.0570 "P.S.: Current short term analysis can look opposite to what I have posted of a higher grade. It happens because...
On a 1H chart we have a bearish chart pattern (In case if the hour will be closed as it is of lower) Price is currently at 76.4% Fibonacci retracement area (Filtered to 1H timeframe) in a relation to previous swing Down Due to all the mentioned above and a current price position (intraday - independant view) I will look for Bearish PA patterns to begin with...
On a 1H chart we have a bearish chart pattern Price is currently at 38,2% Fibonacci retracement area (Filtered to 1H timeframe) in a relation to previous swing Down Due to all the mentioned above and a current price position (intraday - independant view) I will look for Bearish PA patterns to begin with at 120.55 "P.S.: Current short term analysis...
Short term intraday review of current possibilities On a 1H chart we have a bearish chart pattern At daily pivot Price is currently at 50% Fibonacci retracement area (Filtered to 1H timeframe) in a relation to previous swing Down Due to all the mentioned above and a current price position (intraday - independant view) I will look for Bearish PA patterns...
On a 1H chart we have a bearish chart pattern Price is currently at 61.8% Fibonacci retracement area (Filtered to 1H timeframe) in a relation to previous swing Down Will look for a bearish short term entry setup (based on 1H chart, trade will be left for minutes, but position will be closed in parts and using a trailing technique, will try leave it open for...
It seems that today I am just stuck with the Bullish side. I know that the bigger picture shows a big bearish setup for GBPUSD, but intraday I still believe it is time for a swing high. New York is about to open, maybe things will change during this trading session.
Over the last week S&P500 has broken above both 1-year and quarterly downtrend borders, marked by the lower 1st standard deviations from the 1-year and quarterly years respectively It already happened back in September, but this time the downtrends are most likely over - the price tagged the quarterly mean, thus cancelling the quarterly downtrend completely The...
At least stock price wise, not all is looking good for Verizon... Trading between macro means on long term basis, price signalling uncertainty. Price has recently failed 5-year mean at 44 and is now between it and 10-year mean at 38. No trend on macro basis is an outlier, indicating that currently long term institutional investors are unsure regarding this...
Merck fell into uncertainty on long term basis, but is on risk to fall on short term perspective. On long term perspective price is now in lateral range after it failed 10-year uptrend, by falling below 1st standard deviation from 10-year mean @ 54.65 (now the range upper border). The lower border of the macro lateral range is marked by 5-year mean, standing now...
McDonalds trades flat both on long term and short term basis. On long term perspective price is now in lateral range after it failed 10-year uptrend, by falling below 1st standard deviation from 10-year mean @ 100 (now the range upper border). The lower border of the macro lateral range is marked by 5-year mean, standing now at 92.5 - MCD has tested and held this...
JPMorgan is testing its macro uptrend, after successfully testing its 10-year uptrend, currently price tires to reestablish its 5-year uptrend. Recently price has bounced up from the 10-year uptrend border, marked by 1st standard deviation from 10-year mean (at 57) Currently price is trading around its 5-year uptrend border, marked by upper 1st st deviation from...
Exxon is in a complex situation - but overall risk is still to the downside at the moment. On long term basis, XOM fell out of 1st standard deviation from 5-year mean (at 76 now), but is still holding within 1st standard deviation from 10-year mean (although, below the mean itself) Thus XOM is on risk of decline there at least to 65 - which is the lower 1st...
Du Pont trades currently within macro uncertainty - between 10-year (now at 46) and 5-year (now at 54) moving averages. Thus Du Pont has no trend long term basis at the moment. On short term basis, however, price is trading below 1st standard deviations from 1-year (now at 59) an quarterly (now at 51) means, thus showing a clear risk to more downside, unless...